"I took the data, whether it was right or wrong, I was wrong. Wang Nuo knew in his heart, "So what I need to do is to prove that it is a good thing that I got the information, maybe ......."

According to the information obtained from the Futures Research Department, the positions they determined are all short positions, and it can be inferred that the customers of the Futures Research Department tend to be bearish, believing that the market has digested the bearishness, and the probability of reversing is not low.

What the Futures Research Department of Wanli Financial Research Institute needs to do is to reveal the rising risk, give the probability and space of the upside, and finally form the investment suggestions in the research report.

It's a good thing to understand, but Wang Nuo is an analyst himself, and he is very aware of the mentality of the current futures research department.

The customer is bearish, if you want to be bullish, the pressure will be doubled, so don't think about it, the futures research department is not as strong as Wang Nuo's honest pen, how dare you easily refute the customer's operation direction, at most it is to remind customers to pay attention to risks.

This is called the endowment effect in economics: when a person owns an object, he or she will value the item much more than if he had not owned it.

If the customer is bearish and has a position, his psychological evaluation and valuation of the short contract will increase, and the futures research department has a bearish customer, and their evaluation of the customer will also increase.

But Wang Nuo's first reaction was bullish......

"It's hard to decide which variable to cut. Sitting on the office chair and looking at the pile of documents in front of him, Wang Nuo's brows furrowed very much.

Based on the existing information, Wang Nuo chose soybean futures with his eyes closed, he still has about 7.8 million yuan in his account, the face value of soybean futures contracts is more than 30,000, the margin ratio is above 5%, and the full position is four or five thousand contracts.

This kind of position, which agricultural futures are still small investors, has little influence on the market, and Wang Nuo does not need to worry about his entry will lead to changes in the market.

However, it is difficult to determine the reduction of variables, and there is no need to guess the position, we all know that the long-short divergence is serious, the position volume is going to explode, and other indicators ...... The proportion of energy consumed will be quite high.

Futures are different from stocks, the indicators are not so complicated, and it is also a futures contract of a single product, which is even simpler.

"It's better to be safe. After thinking about it, Wang Nuo set his eyes on the information side.

Afternoon.

Futures Research Department, Wanli Institute of Financial Research.

As the chief analyst, Wu Xuan is very busy, especially in the early stage of this kind of market change, he almost even has to read documents while eating.

"Tuk Tuk Tuk ......" The offices were knocked, and Wu Xuan said casually: "Come in." ”

"Boss. Wu Xuan's assistant analyst Tang Junwen had an inexplicable anxious expression on his face, "The Securities Research Department gave me a rough report. ”

"What is it?" Wu Xuan was puzzled and asked, "Securities Research Department, report to us?"

"Yes. Tang Junwen had an awkward expression on his face, and said with a bitter face: "It's a research report on agricultural futures." ”

"???" Wu Xuan almost engraved three question marks on his head.

There is some cooperation and communication between the securities research department and the futures research department, but as the securities research department, it is very funny if you give the futures research department a report on the futures market.

You have a specialization in the art industry, which onion do you think you are? Even if you say it right, it's not pleasing to you.

"Show me. Wu Xuan took the document and flipped through it, slowly his face became a little strange.

"Sustained high temperatures, almost zero precipitation, and severe drought?" Wu Xuan almost laughed out loud, and said with a smile: "Those people in the Securities Research Department, do they even have access to the meteorological departments of the United States and Brazil? Or are they ready to change careers after reading the documents?"

"Moreover, these few pieces of information have already been digested by the market, and they are just old talk. Wu Xuan continued to laugh, but suddenly his smile became gloomy, and he gritted his teeth and said, "Or do they think they can command our futures research department?"

"I think it may be that we have taken our data and information and want to give something in return. Tang Junwen said cautiously.

In the financial research circle, if the assistant calls the analyst a teacher, it is very respectful of the leader, and the boss or a certain brother is also a very close relationship, if the boss is called, the relationship is mostly relatively unfamiliar.

Wu Xuan belongs to the kind of chief analyst who makes his assistant Tang Junwen call the boss, and the relationship between them is only that of superiors and subordinates.

"Do people treat us as friends?" Wu Xuan asked, "Or do you treat us as superior?"

Seeing Wu Xuan's gloomy face, Tang Junwen was silent.

"The report they gave through normal channels?" Wu Xuan's eyes flashed with a cold light, and he asked Tang Junwen.

"No, I met Wang when I was smoking in the stairwell...... No, he said he did it himself, give us a reference. Tang Junwen thought for a while and said, "It shouldn't be a normal procedure." ”

"If you don't go through the normal channels, you won't give it if you give it!" Wu Xuan sneered and muttered, "You are in a hurry to die." ”

Figuring out the matter, Wu Xuan immediately thought of his calculations, the report given by Wang Nuo was very rough, but overall it was extremely bullish, but ...... Who knew he gave the report?

The situation is very clear, if the market outlook is down, Wu Xuan can dig a little deeper for Wang Nuo, if the market outlook is up, then follow the original plan, anyway, it is already pouring dirty water and throwing the pot, and there is nothing to rely on, who has evidence?

And since Wang Nuo is so "friendly", Wu Xuan feels ...... You can still continue to communicate.

Sure enough, as Teacher Ling said, young people are rampant. The corners of Wu Xuan's mouth finally showed a smile, he liked Wang Nuo's "kind" character, he was sold and actually helped count the money, it was too simple, if ...... It would be better not to be so self-righteous.

"If he continues to ask for data, you can just give it to him," Wu Xuan thought for a while, and said to Tang Junwen: "Give it to him directly, you don't have to go through Zhou Minghai, by the way, tell him that at this time, don't be too blatant about the exchange of information and data." ”

"I understand. Tang Junwen nodded to indicate that he knew, but he mourned for Wang Nuo in his heart.

People, it's not a good thing to be too simple, no matter how powerful you are, you can't believe it in the workplace and your colleagues in the department, and you're still so naïve in cross-departmental contact, if you don't die, who will die.

Equity Research Department.

Half an hour later.

Sending Tang Junwen away, Wang Nuo was also speechless, in the eyes of others, is he simply like this?